Welcome to another exciting episode of the Brisbane Property Podcast! In this edition, hosts Melinda and Scott Jennison will provide you with a comprehensive update on the ever-evolving Brisbane Property Market.
In September, Brisbane's property market continued to exhibit remarkable strength. We'll explore the significant growth in both houses and units, with house prices in Brisbane rising by 1.4%, reaching a median value of $848,680. The story for units is equally promising, with a 1.1% increase in September, bringing the median value to $539,169. We'll discuss how units have displayed resilience, particularly in terms of rental price growth, despite moderated growth rates over the quarter.
Our episode won't be complete without shining a light on the rental market in Brisbane. Vacancy rates have consistently remained low, dropping from 1% in July to 0.9% in August and back up to 1% in September. However, we'll explore the intriguing phenomenon of rental price growth slowing down, as houses recorded an annual increase of 6.4%, down from 11.2% earlier this year. Meanwhile, unit rents have shown a robust rise of 14% over the past year.
As we step into October, our episode forecasts the Brisbane property market's future heights in the coming weeks. We'll discuss the ongoing rapid rise in prices and the fierce competition among buyers, emphasizing the need for quick transactions. For sellers, this could be the perfect time to list, with a multitude of eager buyers actively contributing to the upward pressure on prices.
In summary, Brisbane's property market is on an upswing, driven by factors such as strong migration, tight rental markets, and housing shortages. Join us as we navigate these trends and provide you with expert insights into what lies ahead for Brisbane's property market in the near future. Don't miss out – hit that play button now!
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EP 49 - Brisbane Property Market Update - April 2021
Ep 48 - Splitter Blocks - What you Need to Know
Ep 47 - Q & A with Scott and Melinda- Your Questions Answered
Ep 46 - Brisbane's Development Sales Pipeline - with Special Guest Andrew Burke
Ep 45 - Brisbane Property Market Update - March 2021
Ep 44 - Top 10 Suburbs Impacted by Brisbane's New Flight Paths
Ep 43 - What to Check Within a Neighbourhood Before You Buy
EP 42 - Who to Recruit Before you Buy
Ep 41 - Brisbane Property Market Update - February 2021
Ep 40 - Your Questions about Brisbane Property Answered
Ep 39 - Brisbane Rental Market Update - with Special Guest Jonathan Bell
Ep 38 - A New Way to Buy Property in Brisbane
Ep 37 - Brisbane Property Market Update - January 2021
Ep 36 - Brisbane Traffic Congestion Predictions through to 2031
Ep 35 - Memories of 2011 Brisbane Floods with Special Guest Anne Juillerat
Ep 34 - Brisbane Property Market Update - December 2020
Ep 33 - Brisbane's Top Ten Most In Demand Suburbs
Ep 32 - Our Best Tips for Buying Brisbane Property
Ep 31 - Unpacking Areas in Greater Brisbane
Ep 30 - Brisbane Property Market Update - November 2020
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